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CN Reportedly Mulls Easing Stake Restrictions for Key Investors in Commercial Banks
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China is contemplating to unwind restrictions on certain key investors' stakes in Chinese commercial banks, Reuters reported, citing people with the knowledge of the matter. The National Financial Regulatory Administration (NFRA), responsible for banking supervision, held meetings with representatives from some banks in January to discuss potential relaxations. Under regulations introduced in 2018, a single investor may hold shares in no more than two commercial banks where such holdings are deemed to constitute 5% or more of the total shares, or may hold a controlling stake in only one bank. Regulators are considering allowing some bank shareholders to become major investors in one or two additional banks, sources divulged. AASTOCKS Financial News Website: www.aastocks.com |
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